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They have the right to do want they want. They should learn from history, however, and realize that socialism is stupid. While the centralization of authority and planning is nice from a theoretical viewpoint, what cannot be overcome is man's corruption, and the totally corrupting influence of the authoritarianism resulting from from such centralizations of power.mrsx said:Is it OK for Bolivians to decide what to do with their own natural resources based on democratic elections?
http://www.zmag.org/content/showarticle.cfm?SectionID=52&ItemID=8051
The movement toward socialism (at least in the sense of nationalization of natural resources) in Latin America has learned a bitter lesson from recent economic history. Starting in the early 1980's, the IMF and World Bank forced economic reforms a la Chicago School on Latin America. To give the Devil his due, these reforms did stabilize the currency, bring foreign capital and spur economic growth. However, development did not "trickle down" to those outside the urban elites; in fact inequality of wealth distribution increased and government corruption skyrocketed.rtwngAvngr said:They have the right to do want they want. They should learn from history, however, and realize that socialism is stupid. While the centralization of authority and planning is nice from a theoretical viewpoint, what cannot be overcome is man's corruption, and the totally corrupting influence of the authoritarianism resulting from from such centralizations of power.
Thanks for admitting the success of relatively free markets. I posit corruption will skyrocket if nationalization occurs. they should beef up the corporate law if they want less corruption.mrsx said:The movement toward socialism (at least in the sense of nationalization of natural resources) in Latin America has learned a bitter lesson from recent economic history. Starting in the early 1980's, the IMF and World Bank forced economic reforms a la Chicago School on Latin America. To give the Devil his due, these reforms did stabilize the currency, bring foreign capital and spur economic growth. However, development did not "trickle down" to those outside the urban elites; in fact inequality of wealth distribution increased and government corruption skyrocketed.
No. It is a moral good, as it has consistently proven to grow economies and produce resources for human life. That is good. "Feed the hungry" and all.Free market capitalism is a powerful economic force; by itself it has no intrinsic morality or social conscience.
The population should still not be lied to by academics touting socialism. They should be told the truth: Socialism Kills.Economic regulation by a democratically elected government is necessary to harness that force to the needs of the nation and its citizens.
Like the Chavez government in Venezuela, reformers in Bolivia and Peru are seeking to avoid the errors of one-party Marxism (Cuba and the Sandinistas) while escaping from the destructive effects of unregulated international capitalism. I believe Americans should wish them well because their success is in the long term interests of America.
